Sunday Evening News Brief, October 1

Sunday evening brief Oct 1 2017
Good evening!
Here’s everything that transpired during the course of the day…
China opened a 409-km new expressway linking Tibet’s Lhasa with Nyingchi, which is close to Arunachal Pradesh border. The massive infrastructure development in Tibet also prompted India to ramp up infrastructure on its side. The India-China border dispute covers the 3,488 km-long Line of Actual Control (LAC), and China claims Arunachal Pradesh as South Tibet.
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India opened two immigration check posts along the borders with Myanmar and Bangladesh. The move reflects India’s growing closeness with the two eastern neighbours.India shares a 1,643-km-long border with Myanmar which touches Arunachal Pradesh, Nagaland, Manipur and Mizoram.
In the third consecutive hike since August, the rate of aviation turbine fuel (ATF) was hiked by a steep 6 per cent. Also, cooking gas price was hiked by Rs 1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March. A subsidised 14.2-kg LPG cylinder will from today cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.
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Rahul Gandhi may take over as the Congress president shortly after Diwali. “Organisational elections of the Congress are under way and the new president could take over shortly after Diwali. It is something that has been in the pipeline for a long time,” said Rajasthan Congress leader Sachin Pilot adding that the last names of leaders should not be treated as a disqualification in politics.

Finance minister Arun Jaitley hinted that there is scope for lesser slabs under the Goods and Services Tax. “We are in first 2-3 months (of GST implementation). We have space for improvement and need for improvement to reduce compliance burden as far as small taxpayers are concerned,” he said.

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